HSM 340 Week 2 Assignment | Devry University
- Devry University / HSM 340
- 14 Dec 2021
- Price: $10
- Healthcare Assignment Help / General healthcare Program
HSM 340 Week 2 Assignment | Devry University
Week 2: Homework
· For this week's homework, you need to respond to the following questions and problems:
Respond to the following six questions. Each accurate and
complete response is worth 10 points.
1.
Explain the difference
between the accrual basis of accounting and the cash basis of accounting?
2.
What are the major
reasons for accrual accounting? How are revenues and expenses defined under accrual
accounting?
3.
What is an audit in
the context of financial accounting?
4.
Explain the
double-entry accounting system and the duality concept. How are they related?
5.
The HC method, which
uses unadjusted historical costs, does not take into account depreciation
expenses, purchasing power, and unrealized gains in replacement value. Despite
these weaknesses as a financial reporting method, the HC method is used more
frequently for accounting purposes than other methods, such as the HC-GPL, CV,
and CV-GPL methods. Why is this so?
6.
Define and describe
the purpose of fund accounting (now called net assets).
Please submit your homework.
USA 
India